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Pakistan Railways (reporting mark PR) (Urdu: پاکستان ریلویز) is the national, state-owned railway company of Pakistan with its headquarters in Lahore. Founded in 1861 as the North Western State Railway and headquartered in Lahore, it owns 7,789 kilometres (4,840 miles) of operational track across Pakistan, stretching from Peshawar to Karachi, offering both freight and passenger ...
Taxation in Pakistan is a complex system of more than 70 unique taxes administered by at least 37 agencies of the Government of Pakistan. According to the FBR, in 2021, the number of registered tax filers had grown to 7.1 million out of which only 2.5 million were active tax filers.
27.1 km (16.8 mi) Track gauge. 1,435 mm ( 4 ft 8. +. 1⁄2 in) standard gauge. System map. Lahore Metro is an automated rapid transit system in Lahore, Punjab, Pakistan and the first driverless metro in Pakistan. Three metro lines have been proposed, of which the Orange Line is operational. It is also Pakistan's first metro line system.
A foreign tax credit (FTC) is generally offered by income tax systems that tax residents on worldwide income, to mitigate the potential for double taxation. The credit may also be granted in those systems taxing residents on income that may have been taxed in another jurisdiction. The credit generally applies only to taxes of a nature similar ...
The CPEC project emphasises major upgrades to Pakistan's aging railway system, including rebuilding of the entire Main Line 1 railway between Karachi and Peshawar by 2020; this single railway currently handles 70% of Pakistan Railways traffic. As of 25.05.2022 this project is in doldrums due to reluctance of China to provide funds.
The Punjab Railway was established shortly after the Scinde Railway Act of Parliament in July 1855 was passed. [2] [3] The Punjab Railway began soon after the Karachi-Kotri Railway Line opened in 13 May 1861. The Indus Flotilla was set up to transport passengers from Kotri to Multan by steamship.
Pakistan Steel Mills was constructed in 1973, making it the largest industrial mega-corporation, having a production capacity of 5.0 million tonnes of steel. Economic mismanagement in general, and fiscally imprudent economic policies in particular, caused a large increase in the country's public debt and led to slower growth in the 1970s.
PICIC Commercial Bank. Pakistan Industrial Credit and Investment Corporation ( PICIC) is a financial institution in Pakistan, one of the first development finance institutions established with the World Bank Group assistance in 1957. [1] In 2007, PICIC Commercial Bank was bought by Singapore owned NIB Bank. [2]